Sibazuru is an ambitious client and the secretary of the Buzigire business association. She is 28 years old, married to a farmer and the mother of six children, three of whom are in school. She sells various staple foods (salted fish, fish fry, palm oil), and her goal is to grow her business. This loan will allow her to buy two jugs of palm oil, one bag of salted fish and 30 kgs [66 lbs] of fish fry. She would like to have a store built; she thanks Hekima for helping to bolster her business.
Sibazuri est une cliente ambitieuse et secrétaire de l’association d’affaire buzigire. Agée de 28ans est mariée à un agriculteur et mère de 6 enfants dont 3 sont scolarisés. Elle vend des divers produits vivriers (poissons salés, fretin, huile de palme) et a des ambitions d’accroitre son entreprise. Le credit sollicité va lui permettre d’acheter 2 bidons d’huile de palme, 1 sac de poissons salés et 30kilos de fretins. Elle souhaite construire une maison commerciale; ainsi elle remercie Hekima pour sa contribution à son épanouissement.
More information about this loan
HEKIMA is a microfinance institution headquartered in Goma, Democratic Republic of the Congo (DRC), with branch offices in Goma and Bukavu. HEKIMA aims to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the DRC. To this end, HEKIMA provides its clients with solidarity group loans to support income-generating activities. Despite ongoing instability and violence in its operating areas, HEKIMA continues to keep its doors open and provide credit and savings services for its over 90% female clientele.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.